Pine Ridge Fees

Fees

Homeowner association fees are due and payable on the first day of each month. The fee should be remitted to PPM, Inc. (see contact info below) on the first of each month. If payment is not received before the last day of each month, a $10.00 late fee is charged. You may elect to have your checking account drafted automatically on a given date (click here for a Bank Draft form). If your association fees become delinquent by two months, you will receive a letter from the association’s attorney. Responding immediately to clear the balance will save the homeowner attorney fees, late fees and court costs.

The monthly fee for 2007 and 2008 is $ 108.05. To help cover increasing expenses, the Board can increase the monthly fee by 5% yearly. If there is an increase in the monthly fee, it is announced on Decemer 1st. There will be no increase for 2008.

The Board has no desire to cause payment of penalties. The Board prefers that you not spend your money on penalties and court costs. Therefore, you should know that North Carolina law gives to the Board of Directors of a homeowner’s association authority to foreclose on a home and take possession of the home for nonpayment of association fees. This has been done one time in Pine ridge Townes. That is not an action the Board prefers to take. It is, however, necessary for the Board to be fair with all homeowners and not allow an individual to continually receive services without sharing the costs. Please make your payments in timely fashion.

Collections

The collection of the monthly fees is handled by:
P.P.M. Inc.
(Professional Property Management)
6739 Falls of Neuse Rd.
Raleigh, NC 27615
Office: (919) 848-4911
Email: info@ppmral.net
Web: www.ppmral.com
If you would like for PPM to automatically draft your monthly fees from your bank account, please print out and send to PPM the following document: click here

Covered Costs

Landscape services include mowing, edging, pruning and trimming. The homeowner is responsible for maintaining any plants and trees planted by the homeowner, or any previous owner. Generally the shrubbery in front of each town home was planted by the developer and is maintained by the Association, as are the plants around the mailboxes and a few at corners or adjacent to the street. Tree and shrubbery removal when required by natural damage, such as ice storms.
Replacing the roofs with a twenty-five year fungus free shingle when replacement becomes necessary. The homeowner is responsible for roof repair should it be needed between replacements. The board escrows funds to replace the roofs not for interim repairs.
Paving and maintaining the private streets and parking areas in the development.
Paying the energy bill for streetlights in the neighborhood.
Snow removal on the private streets only. The homeowner is responsible for snow removal from private parking spaces, walkways, steps and entryways.
Plumbing repairs when necessary to main water lines from the street to the meter, not between the meter and the home and not within the interior of the home.
Repairs to fences installed by the Homeowners Association, not to fences installed by homeowners – current or previous
Payment of service fees to PPM, Inc., the Association’s attorney and auditors who audit board expenditures.

Budget

To view our budget, please click here.